RDDA trade ideas
DRREDDY Levels for 09-DEC-20(Intraday) Buy above 5055 for 15,40,70++
Sell below 5000 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
GAVE A BREAK OUT FROM TRIANGLE AND RE TESTED THE SAME TRENDLINE TO BOUNCE BACK. BUY AT 4980; 4980-4960 IS A HUGE SUPPORT LEVEL AND PRICE HAS ALREADY RETESTED THE LEVEL.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
DRREDDY Weekly May go to 6700Drreddy rounded bottom formation with 2nd FLAG formed after today's rise.
Weekly shared for Positional/investment
Own analysis of the chart is must, money is yours, spend wisely, trade as per the your risk capacity.
Positional or Investment -- One can create entry tomorrow , keeping SL below yesterday dalily low
Trade- Once it gives closing above today's high on 5min closing bar, once can enter for trade.
drreddy Short Term TGT 5700TGT is based flag pole and coming out of downward channel.
Can be flase breakout. Watchout and keep SL.
DRREDDY - Long BountyWe have a bounty on Drreddy. PA has broken out of the retest to a larger consolidation which took several years in the making. The larger consolidation is a classic rounding bottom and the retest was a in the form of a time and price wise minor dip to the breakout level. The retest has now broken out and one can go long here or can wait for a better price (chances of missing out the trade) to 4940 or lower levels.
All the best Y'all!
DR REDDY 1D THE STOCK IS ON THE VERGE OF THE BULLISH DIAMOND PATTERN BREAKOUT ON DAILY CHART.
THE CHARTS ARE LOOKING BULLISH ON LOWER TIME FRAME TOO
THE CONFIRMATION WOULD BE 4970 PLUS CLOSING OF THE BREAKOUT
TARGETS:- 5047, 5089, 5150 AND 5262
SL:- 4820 ON CLOSING BASIS.
NIFTY BANK NIFTY VIEW WITH 5 STOCKSDISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK .
DRREDDY Levels for 7-DEC-20(Intraday) Buy above 4950 for 15,40,70++
Sell below 4890 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
About to break from the descending channel - DRREDDYDRREDDY - After consolidation, its about to break from the channel.
DR REDDY ANALYSISDr reddy recently broke the trendline , retested it , and now formed a triangle type pattern , retraced 0.618 and going upward . Can go for long if breaks the triangle pattern.
Dr. Reddy's News Driven Breakout All Set for 5200+ in Short TermTechnical Breakout today on the Charts + News Driven Trigger of the Sputnik V Vaccine today. What else is needed in the Setup?
- 5200 might as well be achieved this week i.e. November expiry, quite a high chance
In addition to Nifty Pharma index is also in Bullish mode, Expecting Dr. Reddy's to see New ATHs soon too!
MOVING AVG CONVERGENCE & BREAK OUT OF THE STOCKDR REDDY IS POISED TO BREAK OUT AFTER A LONG 77 DAYS OF CONSOLIDATION.
